Paragraph 7 Regulation of loans etc.
(1)
This paragraph applies to a transaction report made in respect of an existing transaction by virtue of paragraph 14 of Schedule 7A.
(2)
Paragraph 10(3)(d), (4)(e) of Schedule 7A has effect as if, in each case, the words from “and the date when” to the end were omitted.
(3)
Paragraphs 11(7)(c) and 13 of Schedule 7A do not have effect.
(4)
Paragraph 12(1) of Schedule 7A has effect as if—
(a)
for “30 days” there were substituted “60 days”; and
(b)
before paragraph (a), there were inserted “(as applied by paragraph 14(1))”.